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121  Bitcoin / Bitcoin Discussion / Re: Hodling or selling? on: April 17, 2024, 11:31:58 PM
Greetings,everyone
At this point in time,i was wondering about the opinions of dear forum users
There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality

P.S i've personally hedl bitcoins for a few years and it's well over $2k

-Regards

Same question and consideration is I owned a landed property and it has started doing well and I know it has more potential to do better and I'm confused if to sell or hold, to me I'll do according to the plan, do I need the money ? If no then I won't and if yes I would.

And I feel most holders are not holding based on the conviction of selling when the price is high or even considering selling at all, it's all about having a stake in a good asset that has potential to generate wealth for you, yeah most persons started our for the profits but later started having a conviction that bitcoin is a good asset and with holding and storing value in. Okay compared to having cash or saving money, I would personally prefer to have my most value stored in bitcoin and that's my personal approach, so I'll rather be thinking in terms of buying than selling through DCA.

The question you should ask yourself is how do I view bitcoin and what decision have I made concerning it, that way you would find strength to hold for longer term or sell right now, and that decision would be yours cause with all our opinions you may never find strength to hold or to sell now, no one can help you figure that out but yourself, and In any case you have  to come to that decision on your view on bitcoin.
122  Bitcoin / Bitcoin Discussion / Re: Now that Bitcoin is no longer digital cash? on: April 17, 2024, 11:16:33 PM
I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.
Financial institutions and meme coins have taken over? Why are you comparing financial institutions with bitcoin? But if you are comparing bitcoin with meme coins, add the marketcap of all existing meme coins together, divide the marketap of bitcoin by 5, all the meme coin marketcap is not worth one fifth of bitcoin marketcap.

This is just alike with someone saying that altcoins are a distraction and reducing mass adoption for bitcoin, and to me it makes no sense saying that cause bitcoin still beats them all put together and this insinuates that anyone investing in altcoins are there for the reasons known to them or knew about bitcoin and didn't want to invest in it.

Financial institutions didn't take over, bitcoin is still what it is, although we are still yet to achieve a well used peer-to-peer system with bitcoin, bitcoin has not gone one bit from been the same decentralized project that it started out to be and I Don't see that changing. Same thing was said when centralized exchanges started been a major part of crypto system and acted as a middle man in most transactions but that didn't change anything and that's how it would be even if all the world countries approved ETF, it woudl only be an investment vehicle for those that chose it and prefers to rely on a centralized system other than oweing bitcoin for themselves without need from any Financial institution.
123  Bitcoin / Bitcoin Discussion / Re: Isn't Altcoin a distraction to Bitcoin adoption? on: April 17, 2024, 11:07:28 PM

Again, Most of those who have had bad experiences in the crypto ecosystem are individuals who invested in some altcoins thinking it has the same potential as Bitcoin and the fact that it's always a norm in society to call Bitcoin one of the cryptocurrencies, it's no strange that altcoin might have played a great role in reducing the level of adoption of Bitcoin globally.

This begs the question, what if we had only Bitcoin? Wouldn't the level of adoption outgrow what it currently is at the moment?

Do you think that altcoin is a major distraction to bitcoins adoption?

I don't think altcoins have reduced the level of adoption for bitcoin in any way, but as a distraction it has been a very good one that has swayed many into believing and even thinking that most crypto currency are scam and not good to invest in, and I would even say that its not worth it to invest in any other crypto currency other than bitcoin if you really want to invest and not gamble away with your funds.

Going back to the topic of discussion, I believe that altcoins are also playing a role in bring adoption to bitcoin, cause right now many that started put with some altcoins are now seeing clearly the need to participate in investing in bitcoin, the margin of superiority of bitcoin with other altcoins is now clearly seen. Some persons started out their investment or tried out crypto currency due to the hype of profit from one altcoin or the other, and even if it didn't turn out well, they now have an idea of what crypto currency is all about.
Personal is started out my crypto journey from one altcoin which was tera luna, although it didn't turn our well for me, right now I'm investing in bitcoin cause I see light in it and this is same experience for many others  too.

In conclusion altcoin has played a role in both contributing in mass adoption for bitcoin as the real deal of the crypto space and also a distraction for those seeking quick profits in the crypto space. I believe its balanced.
124  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 16, 2024, 09:59:45 PM
I went ahead and added the format for posting your progress to the bottom of the original post.  I think it would be cool, if possible, for someone to create some sort of updating image that could be hosted on the original post so progress is automatically updated.  I realize that may be a tall order for something so silly, but maybe someone out there wants to help take this to the next level.  Smiley

Nice to see so many people participating in this.  You are all doing great.The first 45 days or so was difficult, but now I couldn't imagine not getting my 100 push-ups in for a day.  I'll go a day without eating before I go without my push-ups.  Cool

That's quite thoughtful of you, lots of new persons are joining us on the challenge and they need to know the format to post on the thread, I was also bothered about how difficult it might get for @DirtyKeyboard to keep up with updating the report daily, as you said it would be good it there was a way for it to be updated automatically in some way.

You know we also need to be cautious of the signs our body gives us when we are overly stressed, those sores must mean something and that means you need to reduce your push up amount for that time, spreading out your pushups in such cases would be a good option and maybe taking some pain killers to ease yourself if there are that bad, besides it's all about been fit and healthy at once.

For some days now I've not been well and it even affected my activity on the forum as well as other areas, it was just a simple malaria and typhoid common in my area, but that didn't stop from playing football cause it helps me recover fast and I think sweating too, although I was still able to do up to 20 pushups during that time and I'll give account for all my absent time

You are right, but seems like I am doing the opposite instead of my pushups reducing is kinda increasing, like today I was able to hit 100 pushups using 5 sets of 20 pushups, I was actually aiming beyond 100 pushups but my shoulders pain kept on getting I'm my way , but I'm not planning to drop my report now , may be after having some rest I can push forward more . Honestly the reason why I'm pushing myself. Is because have been in the range of 3k pushups as my total pushups for too long  Smiley

May be after hitting 4k , I will reduce my pushups till my shoulders get better . And  few days for now is bitcoin halving that when things will get more interesting and exciting  Wink

Which ever way you want, as long as you don't over do it and end up needing medical attention or the pain getting serious, but if its minor or just some normal sore then you could carry on, but always try to reduce the stress on yourself by spreading the push-ups out within the day, this has been working for me and I've continued with it, I was only able to reach 100 by spreading out my sets in different hours in the morning, and with lots of rest, since my aim is just to have a normal fitness and not too muscular.

I'm also thinking of doing some extra right now, although you seem to have motivated me to that thought, I should update my old pushups in my old post so I don't confuse @DirtyKeyboard.
125  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 16, 2024, 04:28:53 PM
No matter how someone tries to sugar coat a talk about altcoins or trying to place them as a potential investable asset, it's bullshit cause they all fall under the same unpredictability and has a lot of risk associated with them and remains a shitcoins, everything that is not bitcoin should be kept off this thread cause we not into such discussions here and our main goal and focus in on how to better our bitcoin accumulation journey and hold bitcoin.

That's right! BUT SOMETIMES, especially if you've spend years watching/researching/learning about these different Ponzis and "narratives" in the cryptocurrency world, there will definitely be " opportunities" to make money in shitcoinery. Personally, during this cycle I would prefer to do my shitcoinery that's denominated in Bitcoin natively, and there's a new narrative being pushed after experiencing the potential of Ordinals. That narrative is Bitcoin Defi. It will potentially unlock more Bitcoin capital ithan what Ethereum currently has in its network right now.
This was the same analysis I did that landed me into Pumapay, the worst mistake made as an investor. Everything was perfect with that project and they even raised over $5 million in their ICO, but at the end the worthless garbage failed woefully. Many people have their terrible experienced from shitcoins, with many of them vowing over to invest in any digital currency ever again.

You might be right that some people might be lucky to quickly sell alongside the founders when they have the opportunity but this is purely gambling and can never be qualified as an investment. I still wonder what could be the essence of taking the risk of investing in shitcoins when there  is Bitcoin. Bitcoin is just fine as it has all it takes to generate profits and give the investor the calmness and peace needed to hold for a long time.

You know @windfury your are trying to make I seem as tho there is an opportunity in the shitcoin business which I don't believe, yeah we can watch and watch and do all the research, but we can't change the fact that it's a gamble and you can't tell which is going to turn out well or not, so to be safe we just invest in bitcoin and hold with more confidence than literally throwing your money away.

I won't deny some persons have made money from shitcoinery but its still not advisable to tell people to go down that path for any reason.

1. They might be looking for good asset to.invest in and you are leading them to shitcoins which are unpredictable.

2. Shitcoins has a high tendencies to turn out as scam because they give too much control to their creators or devs behind them.

3. They are mostly ponzi schemes and no real mind behind them. They solve no problem in the world and are just built for mere money making sake.

Considering this and many other factors would you still advise anyone to go into shitcoins even if we know that doing research can help to figure out a good one, but it doesn't remove the fact that it's a risky shity thign to do with your money.

Yea, we know that bitcoin was valueless when it was created but due to its purpose of creation, which was design to end the intermidiation of a middle man in transaction using p2p due to its decentralized nature give it more potentials not to be a shitcoin. You don't also understand why it is call shitcoin. Those shot coins were developed for selfish interest, and to make money by the dev, and not to solve any problem. Bitcoin was created to solve major problems like privacy, having freedom over your funds by being your own bank. Many coins after bitcoin have crashed and we will still see many more that will crash. So it is not about that they are new and will also have strong back ground like bitcoin. The question is that, what problem do they solve that will make people need a high demand of shitcoins. They are just same thing like gambling, because the dev pump the price and when people invest with huge amount and when they see the profit, they rug pull you. Have you asked yourself what is so special about bitcoin, and why is it that those shitcoins cannot survive on their own but always allow bitcoin to control them.

Those shitcoins are duplicate of bitcoin, and that is why they are not real and will not survive the market for long because the dev is a copy cat. Ever since history of cryptocurrency, it has been confirmed that only bitcoin can be trusted, because the network is an open source in which anyone can contribute to the security and growth of the network, but those shitcoins that came out after bitcoin made  lot of investors to lose their money, and they never gained value but instead they crashed. Are you not seeing the high level of inflation that is making fiat to depreciates, but bitcoin price keeps increasing overtime, showing that it is an edge to inflation. Only the decentralized nature of bitcoin is enough to make it the superior to altcoins. Anything centralized is prone to manipulation, because human beings are greedy. Wake up mate, and learn more on bitcoin, because it has being existing and the rate of adoption is increasing, and so with the value to sure that it has come to stay as a good investment. Just the way that you cannot compare gold to any metal, that is how you should never compare bitcoin to shitcoins.

In general I'll say anything that isn't bitcoin is a shitcoin cause they are all the same lies that fail to meet the standards of bitcoin, neither can they be trusted. Bitcoin is ran by an open source community and no one is in control of anything, but many other shitcoins have insiders that can make decisions that can affect the price, how many times should we even say that shitcoins are bullshit and no one should bother going there, except at your own risk.

126  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: April 16, 2024, 03:51:34 PM

This is another experiment that could bring interesting results over the course of the next few years. El Salvador is trying while other countries are holding back without good reason.

It surely can be dangerous if El Salvador tries to overly fuck around with shitcoins, and so it could end up having some slippery-slope effects if they are not able to keep some of there debt issuance (token creation) or whatever are the details in check, and so within any of their bitcoin adoption, they are still needing to dance around real world dynamics, and hopefully they do not end up losing their way or becoming hypocrites in their actual real world practices.  With any of these discretionary matters, there sometimes might need to be some practicalities, and I am not going to presume that they are going overboard in whatever shitcoins they are allowing to seep into various aspects of their budgeting matters (or various projects that might seem ambiguous in regards to going down shitcoin routes).

Considering shitcoins might turn to be the bad idea for el salvador, shitcoins are unpredictable and risky to invest in. Wouldn't it be better they get more aggressive with their bitcoin accumulation, cause I know its not been up to 4 years since they started accumulating bitcoin, so I can say they are still early investors and Considering how much they are investing yearly out of their budget its quite whimpy and no one can tell why, but I think they could redirect this cash for whatever plan they have with shitcoins into bitcoin and that would give them a better end result.

I believe they should have experts informing them, so no one can tell if this decision would cause them loss I gain and moreover I think here should be prepared for what ever comes with shitcoins and also have losses in mind.

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A lot is damn fishy about you for a brand new account, many users would take a while to locate threads and start posting but you just created the account and you know what to do, no one cares about your Tech companies, our discussion here is for bitcoin alone and don't come spreading lies or misleading information here or promote any scam company.

127  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 16, 2024, 01:28:29 PM
I hate to break the bad news to you, but if you suddenly increase your pushups all at once.. like doubling them, then you might start to get really sore, so you may or may not be able to continue to increase, or if you do too many sets in a row, you might get more sore from that, so even though you might improve your pushups, you also might have some days that you are even more sore than you had been on previous days.

Maybe this will all work out for you, but sometimes there can be advantages in spreading out your pushups throughout the whole day, especially if you are going to continue to want to do several sets in each day and try to continue to do them every single day (even if some days might be higher numbers of pushups and other days might be lower number of pushups, but as you build, you still should be able to continue to increase your overall quantity of pushups, as long as you do not end up injuring yourself or otherwise overdoing it).  It is like investing into bitcoin.  You want to be aggressive, but not to overdo it otherwise you might end up injuring yourself

You're right after hitting those numbers of pushups all at once, I began to feel some sore in my shoulders which endup slowing down my 24-04-15 pushups, I endup hitting 50 pushups only , I will tried pushing further but I couldn't due to the disturbance of the sore In my shoulders. So I've decided to keep to your advice in spreading out my pushups. Because Doing so will be able to hit some nice numbers of pushups (due to fact that I've gotten some nice stamina in my pushups lately ) without over doing it or over pushing my self. Like I've already hit 20 pushups in my first set of today and later in the day I'm going hit another. Let's me use this medium to drop my report :

100k,I_anime,59,3792,24-04-15  Smiley


You know we also need to be cautious of the signs our body gives us when we are overly stressed, those sores must mean something and that means you need to reduce your push up amount for that time, spreading out your pushups in such cases would be a good option and maybe taking some pain killers to ease yourself if there are that bad, besides it's all about been fit and healthy at once.

For some days now I've not been well and it even affected my activity on the forum as well as other areas, it was just a simple malaria and typhoid common in my area, but that didn't stop from playing football cause it helps me recover fast and I think sweating too, although I was still able to do up to 20 pushups during that time and I'll give account for all my absent time.

100k,Troytech,26,1390,14/04/2024
100k,Troytech,27,1420,15/04,2024

For the both days I was absent  Grin Lips sealed

As soon as I recovered I was able to bounce back to 100 pushups although  I had to split into several sets this morning, about 20 each set, for 5 rounds.

100k,Troytech,28,1520,16/04,2024.

Just edited my report now after seeing the new format.
128  Other / Beginners & Help / Re: Is age a limitation in Bitcoin on: April 16, 2024, 09:37:26 AM
Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

There is no age limitation that can possibly be enforced. Bitcoin is completely open to all and not even the government has the power to prohibit it. All it takes is an internet connection.

Now as to the question of whether a parent imposed age limitation is wise:

Is a $1 dollar bank note alright for children to have? What about $10? $100? Of course it is alright for them to have and spend and do whatever they want with it, but whether or not the child has been educated on how to use it and spend it responsibly is the parent's job. Teach them about Bitcoin and how to use it responsibly.


Anyone can invest in bitcoin irrespective of their age, as long as they know what they are doing and would accept responsibility for anything that occurs when they are investing, you know there are lots of thigns one needs to consider when investing in bitcoin, like ; emergency funds, reserves and having a good cashflow/money management, why I brought this into light is cause this can affect how successful someone would be in his investment and how much he would accumulate in bitcoin, you know holding bitcoin for a long term gives more advantage than any short term practice or trading, so I'll make my points in such terms.

The function of the emergency funds would be to ensure that  s/he don't sell of their holdings at a very short time prior to when they had wanted to sell, and the question is can a very young person be able to afford this and how or what means would he use to counter for this. Cause we can't assume that if if this kid really wants something and he doesn't want to tell his parents about it his first option wouldn't be to sell some bitcoin to buy that stuff, so yeah if s/he can account for this then he is good to go.

Now about cashflow, anyone who wants more bitcoin must invest more or buy more, there are no two ways about that and the question is how often does he have cash to invest in bitcoin, while this could be irrelevant for an underage person who maybe has some extra cash and wants to hide it somewhere or maybe just thinks it wise to safe in bitcoin, he also needs to be able to properly allocate his funds in other not to choke himself up too soon and end up feeling overly allocated and sell some bitcoin.

So yeah a lot to consider, anyone can invest in bitcoin as long as he is ready to accept the responsibility to do the needful.
129  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 16, 2024, 09:19:43 AM
But that doesn't mean my message didn't pass across.  i never said anything bad about bitcoin. no doubt that bitcoin is the topic of discussion here. But that not withstanding, clarification and explanation must be adhere with illustrations of any kind discrepancy to the knowledge and understanding of the third-party. Don't just ignore any information. you should read properly to the end. I only made a reference that if consideration were to be made aside bitcoin it would have been altcoin like etherium and BNB And some others instead of some sort of shitcoin.

Wow if you are picking out some other shitcoins, then it appears that you are trying to pump which shitcoins happen to be less shitty (and your choice of less shitty coins happens to be ethereum and BNB), so where does that lead us.. It leads us to being off topic and talking about irrelevant bullshit of whatever thousands of potential other shitcoins...  

Ain't nobody got time for that.

I was never intended to say altcoin was anyway better than bitcoin.

It does not matter.  There is no need to bring them up, unless you want to denigrate them. .. No need to say that they should be part of anybody's investment.. Talking about shitcoins, especially in an attempt to spin something positive about them remains a slippery slope.

You can do what you like, but there is no reason that any of us should want to listen to any bullshit about which shitcoins any other member believes is less shitty.. and it is especially distracting to mention something like ethereum that so many try to compare to bitcoin as if it were similar .. fuck ethereum  and fuck, other shitcoins.  You can talk about that bullshit in some other thread. .This is not the bitcoin and also ethereum as second best thread.. that is retarded to even allow that.. without pushing back on any member trying to argue to include any of that crap in this thread.

No matter how someone tries to sugar coat a talk about altcoins or trying to place them as a potential investable asset, it's bullshit cause they all fall under the same unpredictability and has a lot of risk associated with them and remains a shitcoins, everything that is not bitcoin should be kept off this thread cause we not into such discussions here and our main goal and focus in on how to better our bitcoin accumulation journey and hold bitcoin.

Introducing ideas of shitcoin can cause a whole lot of trouble than you can imagine, you don't know which newbie relies on this thread for information and at this point you could put in his mind ideas that are not supposed to be their, we have talked about accepting responsibility to insure that each of ourselves give the right and quality information on this thread and that is something we must adhere to.

Frankly speaking we all know that there is a lot of risk associated with shitcoins and their shiny counterparts that people often try to compare or relate with bitcoin, as we have seen and witnessed so many times when many altcoins projects failed and even good once or those we saw as an exception like tera luna and ftx and even so many more, so with this, it's so clear that any discussion about shitcoin is misleading since we can't actually predict which is good and bad, so for our own safety we put them all into the category of shitcoin.
130  Economy / Services / Re: 👉 {Paused} Eloncoin Signature Campaign | Member+ [Funds Escrow] on: April 15, 2024, 06:57:29 PM
Greetings @sir cryptobrainboss I want to inform you that I've been accepted into another campaign, it's been an amazing experience working for you and I've learnt a lot from it and would also replicate that into other campaigns.
131  Economy / Services / Re: 8ombard Signature & avatar campaign(1 Full member spot open) on: April 14, 2024, 10:26:46 AM
Bitcointalk Username: Troytech
Profile link: https://bitcointalk.org/index.php?action=profile
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Post Count: 484(including this one)
btc addy: bc1qhjyctzunvlsfntxrr6rmd4ger2fz4acrqx9rtl
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132  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 13, 2024, 07:48:29 AM
This challenge has gotten way fun than before, and I'm all filled with adrenaline, never before have I done this many excerise in the morning before, first I hit the road for a morning run to burn some excess fat, then I got home and started with sit ups and I did up to 150 for the first time, normal I would have been exhausted but I don't want to be last on that table  Grin,  I not competing tho, I ended my exercise with 120 pushups, 20 sets each, but yeah I did have some long breaks between each sets, but the point is investing never gone this far and right now I feel I'm getting a hang of this. Grin Roll Eyes

100k, Troytech,120,1370,13/04/2024
133  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: April 13, 2024, 07:16:24 AM
They really learn fast but I don't think they see it as gambling money as we do unless you tell them that. Any game they play is just fun for them and that's probably how your kid think of it. I once saw a buddy of mine let his son play dice on mobile and he didn't find it alarming. The kid actually got bored.

Social gatherings is where kids probably see more gambling activities when adults play table games as a past time. They would usually put money on the table while some kids would be watching at the back. Many of us here probably grew up in that kind of environment. We learned how to gamble at a young age but still ended up fine.

Yet its not very advisable to let your kids play gambling games, where I live you would see lots of underage children come to charge their phones at the bet shop and not too long some started engaging in football arguments with the adults, and that's how they started gambling, some did fine and only saw it as a means to get some extra cash, others or few got notorious and it became a live long habit.

Don't act the way you don't want your kids to act, they learn quickly, they would copy and even replicate that habit and you would never know how it would be for them, so it's better you don't teach them, but still if you could teach them to have self control and view it as fun then you have very little problem.
134  Economy / Gambling discussion / Re: What is gambling to you, a fanfare or potential financial havoc? on: April 12, 2024, 07:20:46 PM
How to draw a line? The best way to do it is not to get drunk. You talk a lot about drinks and how much they cost. Don't drink when you gamble. Order drinks with no alcohol, like juice or cola.

Bet money that don't mean a lot to you. Players who don't have much and bet high are the first to get addicted and fall into those traps where they try to get even and lose even more.

You seem to not read anything, that was a simple illustration of the bets, I don't know if you are used to going to the bar, that's the kind of bets we engage in there, I don't think not getting drunk or getting drunk seem to be the answer to the question, if you have nothing to say then don't reply.

Your right about your last paragraph, players with little mostly get addicted the most cause they eventually chase their loses   and end up losing more, at times even debt can get in. So it's better to gamble with what you can afford to lose and not with too much or outside your means.

Gambling can also be seen as fun for some, in cases where friends can engage in bets to see who is better at a sport or other ways gambling can add thrill to a sports or game between friends.
135  Economy / Gambling discussion / What is gambling to you, a fanfare or potential financial havoc? on: April 12, 2024, 12:46:29 PM
Everyone has his/her own personal view on the subject of gambling and it always lingers on this two perspectives in the society and also has an impact on the way people view and approach it. Gambling in whichever form it takes be it a play to earn stake game, online casino or simply playing with friends, often sparks a debate on its true nature as a fanfare activity or a financial trap to wreak people.

My experience
On March 26th, 2024, my friend and I visited a bar, where he normally played snooker with his friends, I would always sit close to watch and cheer him up while I drink and hardly played cause I'm not good at it, one of his play mates challenged him to a bet on drinks, with rules lower buys drinks for the next person for each round, my friend got serious and was on a winning steak and the scores was 12-3 under 2 hours of playing, while at the beginning of this game it was more fun fare when the score were still some how even and reachable, but now the other guy was sweating probably because of the price of the drink which was about 3k(3$) per bottle for the least beer, the look on his face has totally changed and I believe he never planned for the game to go that way.

Now while some folks would argue that gambling is fanfare, I believe there is a line to this and it gets to a point where we could wreak ourselves if you are not careful, no one needed to tell me, that fellow was grieved by his losses which was not supposed to be so if we are just having fun.


Gambling as a thrilling or exciting activity
For many persons, gambling is a very good way to add thrill to any activity or game to make it more entertaining, playing a regular game with nothing to gain or lose can be at time so boring and would hardly bring out your best but with a price involved everyone gets serious and wants to put more effort, making it a fun to be a part of.

Like when we normally set football competition in my street and everyone would have to contribute an amount to participate, it makes the whole event more thrilling and engaging for all.


Gambling as a pitfall trap
We all know how easy it is to get a habit out of gambling, that excessive dopamine would just make you going back for more untill your well out of control, the byproduct of gambling Is clearly a financial wreak and the idea of easy money or double your cash seems can lure even the most discipline into blindness and eventually a gambling addiction that would lead to indebtedness from chasing losses. With this much bad side gambling can also be seen as a dangerous social activity that can lead many to ruin if left unchecked.

The idea of personal responsibility has always been the key to evade from addiction but her is the big question.


How can one draw a line between having fun and getting addicted since they occurr in the same process?

Would education on gambling side effect help some people nor to get too engaged in it despite the thrilling experience it can offer?

What is your personal view on this[/b]
136  Economy / Services / Re: [CFNP] BlackJack.Fun | Signature Campaign | Up to $90/W on: April 12, 2024, 11:19:03 AM
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137  Economy / Services / Re: [OPEN] HugeWin.com - Trusted Casino | Sig Campaign | Up to $80/W on: April 12, 2024, 10:59:56 AM
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138  Economy / Reputation / Re: [v2][Self Moderated] In Merits, Count Down To Your Next Rank... on: April 10, 2024, 09:53:32 PM
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139  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 10, 2024, 09:49:24 PM


You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.
I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.
I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

I still seriously feel you hardly read anything as you said cause you just misunderstood me or quoted the wrong person, I never said that a lump sum investment would be more perfect for the guy than the DCA method and more over the hypothetical or illustration was used to explain a guy with irregular income that decided to not invest at once since he had an inconsistent income and felt that if he divide the allocation into parts and invests on intervals, then Jay went further to explain that if his income is irregular that they could even some uncertainties in knowing if the money would come or not and if we are sure that this money would come on as 3k in 3months then we can easily do the maths and figure out how much would be going into his expense which comes first and some part might be fixed and some part not, and while this calculation or budget seems to be most important for this guy is cause he has to make sure he doesn't run out of cash to cover for his expenses before he receives another cash, so yeah he has to keep his floats, reserves and emergency funds good from this cash, then with whatever discretionary income he has he might chose to hold maybe until his investment time is over or untill he receives another pay cheque.

I think you should read for yourself and have a better understanding from his quote below.

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.
I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.
It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.
Your right, DCA must not be for those with steady income, although it would have been netter if you used some illustration like Jay does, let me try if I cam get this right.

Let's assume a guy might have received a government fund that comes 4 times a year on equal or irregular intervals and this amount is 3k, so he decides to invest 1k into bitcoin and yeah he should just go and buy Bitcoin right away with all the funds but instead of that he decides to divide that money into 12 parts which should be 83$ each approximately so that it would meet up till the next time that money comes, and one good advantage of this, is it that you don't have to worry about volatility or price changes, so for many reasons we mostly recommend it for beginners and I guess you should try it too. Hope your right now@ berry2d

Of course,  if you are going to attempt to describe some kind of an unsteady or irregular income, you would attempt to describe what it is, and there might be some certain aspects and there may well be some uncertain aspects, so it usually is not going to be exactly known, especially if it is an income that happens so infrequently.

But yeah, if he knows for sure it is going to be right around $3k every 3 months, then that does allow him to figure out how much he has left after expenses, yet even expenses, may well have some aspects that are certain and other aspects that vary.  Some aspects of the expenses are discretionary and some aspects are somewhat fixed.  Housing costs, utilities and transportation might be somewhat fixed (within a small range of variability)  Food expenses might have some upper and lower boundaries, and surely there might be choices to spend a bit more on good quality food, and to cut back on eating in restaurants.. yet there still could be some variability that helps to dictate how much funds need to be held in reserves or as a float.. and surely the emergency fund would ONLY end up being their in an actual emergency rather than being used as a float or as reserves.

When the income is so irregular, there may also be some preference to hold back on any investing that it made, so maybe the person knows his expenses are somewhere between $500 and $700 per month, so that is going to leave him with between $300 and $500 of discretionary income per month, but he is afraid to spend his discretionary income until towards the end of the investment period or maybe even after he gets his next payment.. so he kind of holds all or most of his discretionary income in reserves until his next paycheck comes in.. .. Another thing that he could do is to spend $30 per week no matter what on bitcoin, so then that would largely mean that he is already making a choice, and he would have to subtract $120-ish each month from the remaining part of his discretionary income, and he would decide what to do with any of the extra when either it comes close to his receiving his next check or maybe not until the next check is actually in his hands.. since we cannot really know that we are going to have the money until we actually have it. .so we might have to keep some extra spare money, especially if our payments are so infrequent. .and even worse if they are irregular too... .since sometimes the date of payment and the amount might be uncertain.. but maybe worse case scenarios it is ONLY $1,200 every 3 months and best case scenarios it is $4,800, but most of the time, it is right around $3k every 3 months, and plans should be made around any of those kinds of particular irregularities, including that sometimes guys are able to add extra sources of income in order to help to lessen some of the pressures of the extent of the irregularities that they are experiencing.
140  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 10, 2024, 04:21:18 PM
╭───────────────┬────────┬───────────┬─────────────┬──────────╮
│ Username      │   Days │   Pushups │ Last Date   │   PU/day │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ Kwarkam       │     42 │      8400 │ 2024-04-09  │   200    │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ DirtyKeyboard │     59 │      5256 │ 2024-04-08  │    89.08 │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ JayJuanGee    │     63 │     10665 │ 2024-04-07  │   169.29 │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ Mayorofogba   │     43 │      4300 │ 2024-04-09  │   100    │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ I_Anime       │     54 │      3532 │ 2024-04-09  │    65.41 │
├───────────────┼────────┼───────────┼─────────────┼──────────┤
│ vapourminer   │      1 │         0 │ 2024-04-08  │     0    │
╰───────────────┴────────┴───────────┴─────────────┴──────────╯
╭───────────┬─────────────────┬──────────────────────┬───────────────────┬──────────────────────────────╮
│   Pushups │   Users Pushin' │   Pushups per Pusher │   Days per Pusher │   Pushups per Pusher per day │
├───────────┼─────────────────┼──────────────────────┼───────────────────┼──────────────────────────────┤
│     32153 │               5 │               6430.6 │              52.4 │                      122.721 │
╰───────────┴─────────────────┴──────────────────────┴───────────────────┴──────────────────────────────╯




Definitely a lot of progress since I last visited here, I love the idea of having a table to record our pushups, if something like this existed before a lot of users would have been more serious knowing they've got to report back like me Grin,

@dirtykeyboard really a nice table you've cooked up, really love the style of it.

Now my report, although I can't have a proper record of how much I've done, since for some time now I've not been active on this challenge, but I'll try to see what I can calculate.

100k, Troytech, 25, 1250, lastdate 2024-04-10
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